Stock Market Today: Russia-Ukraine Escalation Knocks S&P Into Correction The S&P 500 officially is off by more than 10% from its January highs as Russian troops enter Ukraine and world leaders respond with sanctions. The S&P 500, off 1.0% to 4,304, finally dipped into correction territory (a decline of 10% or more from a peak).…

When you withdraw funds from your 401(k)—or “take distributions,” in IRS lingo—you begin to enjoy the income from this retirement mainstay and face its tax consequences. For most people, and with most 401(k)s, distributions are taxed as ordinary income.1 However, the tax burden you’ll incur varies by the type of account you have: traditional or Roth 401(k), and by…